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It's barely a science.
(thelemmy.club)
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this post was submitted on 26 Jan 2026
674 points (97.3% liked)
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Don't forget gambling.
... And wishful thinking!
So..... religion
No joke: Economists do kind of fulfill the role of priests in that they explain the "necessary [fake] world order" to the masses.
Saying "Capitalism is a bad system" gets you comparable comments from economists as "Gods don't exist" gets you from priests in a religious society. Both comments also get cops on your ass as well (depending on where you live).
Because economist and even business leaders don't actually have any control over the economy. They try to predict it and make changes, but they have no real power as was shown by COVID and the Ukraine war.
No, surely all will be good if we invest in so-called "AI", war and the distopian surveillance state. /s
They also have to justify how keeping at least 3-5% of people unemployed is a good thing for their economy god. That one and that inflation and growth are required to keep an economy going when we all know that there could be sustainable level existence if the investor class didn’t exist.
They don't even disguise it, praxeology is effectively theology without the metaphysics.